DEVELOPMENT OF THE FINANCIAL MARKET OF UKRAINE

Анотація

The article examines trends and prospects for the development of the financial market of Ukraine. Banks have a significant share of the assets of the entire market and play a significant role in it. State ownership in the banking sector prevails. Credit risk remains the determining factor among other types of risks; however, the recovery of the economy will gradually reduce credit risks. Over the past five years, the number of insurers, pawnbrokers and credit unions has more than doubled. The most numerous participants in the financial market are financial companies. The NBU softens the monetary policy, maintaining its ability to influence the behavior of economic agents, and strengthens the requirements for financial institutions, bringing them closer to European standards. Recommendations are given for financial institutions: compliance with prudential requirements of the regulator, timely reporting, revival of lending with improvement of credit risk management, improvement of compliance management, perfecting of cyber protection systems and improvement of business models.

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